Decision details

Month 8 Revenue Monitoring Report and Treasury Management 2016-17

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To note the forecast revenue outturn position, including treasury management

Decisions:

RESOLVED:

 

1.  That the following be noted:

 

·  the general fund outturn forecast for 2016-17 of £9.6m after the utilisation of £9.704m reserves (table 1, paragraph 9 of the report)

·  the continuing pressures on the children’s and adults’ social care including public health (paragraphs 10 - 22 of the report)

·  the increasing budget pressures No Recourse to Public Funds budgets andinformation and communications technology (ICT) and corporate facilities management (CFM) (paragraphs 28 - 30)

·  the utilisation of the £4m contingency and £5m one-off windfall resulting from the early delivery of the minimum revenue provision saving to mitigate the full effect of cost pressures (paragraph 35 -36 of the report)

·  the housing revenue account forecast outturn for 2016-17 (table 2, paragraph 39 - 45 of the report)

·  the treasury management activity in 2016-17 (paragraph 51 - 61 of the report).

 

2.  That the general fund budget movements that exceed £250k, as shown in Appendix A of the report, be approved.

 

3.  That the general fund budget movements that are less than £250k, as shown in Appendix A of the report, be noted.

Report author: Duncan Whitfield

Publication date: 08/02/2017

Date of decision: 07/02/2017

Decided at meeting: 07/02/2017 - Cabinet

Effective from: 16/02/2017

Accompanying Documents: